Founded over 100 years ago in Kemmerer, Wyoming by James Cash Penney and William Henry McManus, JC Penney stores were originally developed to market dry goods, and also the name of the company at that time was The Golden Rule. 1917 saw the name of the company change to JC Penney and as of present, this powerhouse retailer is still operating and booming. With a long history in retail, this mid-range retailer offers clothing, home furnishings, shoes, and jewelry, among other fine items. Currently, they are headquartered Plano, Texas, and there are 1067 stores operating throughout the United States and Puerto Rico.
JC Penney stores are available mostly in malls, but you can continue to find some freestanding stores from time to time. In addition to retailers, the Company has one of the largest apparel and merchandise sites on the Internet and also the largest catalog general merchandise catalog of all of the major retailers. Their stores is one of America’s top draws at malls plus they are always well stocked with the latest fashions in apparel, accessories and furnishings. Their Big Mac work clothes line is favored by those that earn a living doing rugged jobs that require rugged clothes.
The business is very focused on offering quality and value, however are also committed to inspiring employee and customer loyalty through numerous programs that make the stores an excellent location to work and shop. Being a company, JC Penney has won the esteemed Fortune Magazine’s Top Five ‘Most Admired’ General Merchandisers Award, and also the Human Rights Campaign’s Corporate Equality Index Award.
As a well-established and highly respected retailer, the organization shows no indications of stopping in the near future. Offering products which are of high quality once and for all prices is among their strong suits. Effective associate training and awareness of diversity and the importance of treating every person with respect earns them a very high position in the world of retailers. Visit JCPenney hours today and discover what they’ve got for you personally.
Such analysis can be made for an array of reasons. Many investors have did actually understand that certain elements of the retail industry have outperformed other locations. While with the early 2000s, many discount retailers earned better fundamentals in terms of revenue and earnings, from analyst understandings, it appears that the current market concentration of valued stocks has shifted from such discount stores of Wal-Mart and Costco to more departmental companies including J C Penney. Using this Plano, Texas located company to generate its quarterly results next Thursday (November 9, 2006), there exists a strong possibility, when the other stocks are any indication that shares of J C Penney will likely be favorable towards the shareholder and sustain such optimism for at least the following 6 months.
Referring back to the introduction, I stated the unemployment landmark for a number of reasons. As I originally believed that the economy was reducing in a more dramatic fashion than is apparently, such analysis would contribute to the assessment of any poor share price down the road for retailers like J C Penney. However, as increasing numbers of individuals are obtaining jobs, and as more wages still rise in conjunction with a dreadful savings rate for domestic consumers, there is a good possibility which a company such as J C Penney will benefit immensely from such readings. As increasing numbers of consumers have more discretionary income to invest, as opposed to planning to discount uumhkm such as Wal-Mart to buy normal goods, these same consumers, especially during the holiday season, will have a tendency to switch their purchases to more luxury goods present in departmental stores. As that occurs, basic principles for J C Penney should sky rocket as both the truth that Americans acquire more money and the reality that enough time has arrived for holiday shopping, for the following two quarters, at very least, J C Penney should support the necessary numbers to enhance the share value of this stock to even more record highs.